The Payment of Payment of Traditional World Finance (TRADFI) Swift said that it adds a large book based on blockchain to its network.
Swift works with a group of more than 30 financial institutions to build a large book that could make cross -border payments 24/7, based on a prototype of the developers of Ethereum Consensys, according to an announcement on Monday.
“The big book will extend the financial communication role of Swift in a digital environment, facilitating the movement of regulated tokénisal value banks between digital ecosystems,” said Swift.
Swift is a messaging system that supports international banking transactions and is used by more than 11,000 financial institutions in more than 200 countries.
Faced with suggestions that it could be made obsolete by adopting digital assets, in particular stablecoins, Swift has experienced blockchain technology and tokenization for several years to try to set foot before this potential disturbance.
Swift said that he was planning that the big book will act as a real -time newspaper transactions between financial institutions, registration, sequencing and validation of transactions and the application of its rules through intelligent contracts.
